Fallback Auction Sample Clauses

Fallback Auction. 1. In case a Fallback Auction takes place due to the reasons listed in Article 39, paragraph 1, the Allocation Platform will generate Rights Documents using Auction results determined within the last simulation of the Auction carried out according to paragraph 3 of this Article before the technical problems occurred, if necessary reduced according to paragraph 5 of this Article.
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Fallback Auction. 1. If the Allocation Platform, after publishing the Auction Specification, is unable to hold Auction Processes due to reasons listed in Article 39, paragraph 1, the Allocation Platform shall send the Notification to all Registered Participants of the application of Fallback Auction, as soon as possible and no later than 10:15 a.m. on the day preceding the delivery day.
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Fallback Auction. 1. If the Allocation Platform, after publishing the Auction Specification, is unable to hold Shadow Auction Processes due to reasons listed in Article 39, paragraph 1, the Allocation Platform shall send the Notification to all Registered Participants of the application of Fallback Auction, as soon as possible and no later than 14:10 p.m. on the day preceding the delivery day.
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Fallback Auction. 1. If the Allocation Platform, after publishing the Auction Specification, is unable to hold Auction Processes due to reasons listed in Article 39, paragraph 1, the Allocation Platform shall send the Notification to all Registered Participants of the application of Fallback Auction, as soon as possible and no later than 10:15 a.m. on the day preceding the delivery day. 2. In case of Fallback Auction, only the Default Bids for Fallback Auction, in line with Article 31, will be taken into account in the daily Auction Process. If default Bid Quantity or a quantity calculated as a sum of the Bid Quantities for several default Bids submitted for the same Auction by the Registered Participant exceeds the final Offered Capacity, Bid Quantity will be decreased to be equal to the Offered Capacity. 3. The Offered Capacity is split in proportional shares between the Registered Participants. 4. Marginal price of the Daily Transmission Rights is 0 €/MWh. Value of the Daily Transmission Rights will be rounded down to the nearest to the nearest full MW. 5. Registered Participants will be informed about the results by 10:45 a.m., on D-1.
Sample 1
Fallback Auction. If the Allocation Platform, after publishing the Auction Specification, is unable to hold Auction Processes due to reasons listed in Article 39, paragraph 1, the Allocation Platform shall send the Notification to all Registered Participants of the application of Fallback Auction, as soon as possible and no later than 10:15 a.m. on the day preceding the delivery day. In case of Fallback Auction, only the Default Bids for Fallback Auction, in line with Article 31, will be taken into account in the daily Auction Process. If default Bid Quantity or a quantity calculated as a sum of the Bid Quantities for several default Bids submitted for the same Auction by the Registered Participant exceeds the final Offered Capacity, Bid Quantity will be decreased to be equal to the Offered Capacity. The Offered Capacity is split in proportional shares between the Registered Participants. Marginal price of the Daily Transmission Rights is 0 €/MWh. Value of the Daily Transmission Rights will be rounded down to the nearest to the nearest full MW. Registered Participants will be informed about the results by 10:45 a.m., on D-1.
Sample 1
Fallback Auction. If the Allocation Platform, after publishing the Auction Specification, is unable to hold Shadow Auction Processes due to reasons listed in Article 39, paragraph 1, the Allocation Platform shall send the Notification to all Registered Participants of the application of Fallback Auction, as soon as possible and no later than 13:30 p.m. on the day preceding the delivery day. In case of Fallback Auction, only the Default Bids for Fallback Auction, in line with Article 31, will be taken into account. If default Bid Quantity or a quantity calculated as a sum of the Bid Quantities for several default Bids submitted for the same Shadow Auction by the Registered Participant exceeds the final Offered Capacity, Bid Quantity will be decreased to be equal to the Offered Capacity. The Offered Capacity is split in proportional shares between the Registered Participants. Marginal price of the Daily Transmission Rights is 0 €/MWh. Value of the Daily Transmission Rights will be rounded down to the nearest to the nearest full MW. Registered Participants will be informed about the results by 13:40, on D-1. Shadow Auction cancellation In case the Allocation Platform cancels a Shadow Auction, all Bids already submitted and any results of the respective Shadow Auction shall be deemed null and void. The Allocation Platform shall inform all Registered Participants without undue delay, of the Shadow Auction cancellation by notification published in the Auction Tool or on website of Allocation Platform and by e-mail. A Shadow Auction cancellation may be announced in the following cases: before the Cross Zonal Capacity is deemed to be allocated in case the Allocation Platform faces technical obstacles during the Shadow Auction process like a failure of standard processes and fallback procedures or similar reasons; and during the contestation period, in the event of erroneous results due to incorrect Marginal Price calculation or incorrect allocation of Transmission Rights to Registered Participants or similar reasons. In case of Shadow Auction cancellation before the final Shadow Auction results publication, no compensation shall be paid to the Registered Participants. The Allocation Platform shall publish on its website, without undue delay, the reasons for the Shadow Auction cancellation. The provisions of this Article 43 may also be applied to a Fallback Auction (in the event of erroneous results). Curtailment Triggering events and consequences of curtailment on Daily Transmissio...
Sample 1

Related to Fallback Auction

  • BEFORE AUCTION 4.1 All intended bidder can access to the ESZAM AUCTIONEER SDN BHD website to download the Proclamation of Sale (POS) & Conditions of Sale (COS). By proceeding with E-bidding with ESZAM AUCTIONEER SDN BHD, the E-bidders’ have agreed and accepted the ESZAM AUCTIONEER SDN BHD terms and conditions. Any bid by registered E-bidder shall not be withdrawn once entered.

  • AFTER AUCTION 6.1 Any successful E-bidders shall and undertake to sign the contract of sale and pay the additional 10% for the difference of the purchase price within two (2) working days to ESZAM AUCTIONEER SDN BHD bank account or prepare a bank draft. In the event that the successful E-bidder fail to pay additional deposit, the Bank will forfeit the deposit and the sale will be deemed cancelled/terminated and the property may be put up for subsequent auction without further notice to the said E-bidders.

  • Acceptance Testing At the time of installation of a LIS trunk group, and at no additional charge, acceptance tests will be performed to ensure that the service is operational and meets the applicable technical parameters.

  • RESERVE PRICE AND BIDDING AT AUCTION CONDITIONS OF SALE

  • E-AUCTIONS 4.1 The Contracting Body shall be entitled to formulate its Statement of Requirements in accordance with paragraph 3 above and invite the Supplier to a further competition using a reverse auction in accordance with the rules laid down by the Contracting Body in accordance with the Regulations prior to the commencement of any such further competition.

  • WORKING DAY BEFORE THE AUCTION DATE and pay the difference between the initial deposit and the sum equivalent to 10% of the successful bid price (“differential sum”) either via bank draft or cashier’s order crossed “A/C PAYEE ONLY” made payable to HONG XXXXX BANK BERHAD/XXXXXXXX XXX XXXXX or remit the same through online banking transfer within THREE (3) WORKING DAYS after the fall of the hammer. The initial deposit and the differential sum shall be collectively known as “the deposit” and Working Day means a day (excluding Saturdays, Sundays and Public Holidays) on which the Assignee is open for business in Kuala Lumpur. The balance of the purchase price is to be settled within ninety (90) days from the date of auction sale to HONG XXXXX BANK BERHAD. Please refer to the Auctioneer’s Online Terms and Conditions on the Auctioneer’s Website on the manner of payment of the deposit. For further particulars, please contact Messrs Xxxxxx Xxxxx Xxxxxxx, Xxxxxxxx Xxxxx & Partners, Solicitor for the Assignee herein whose address is at Xx. 00-0 & 00-0, 0xx & 0xx Xxxxx, XX 00/0X, Xxxxxx Xxxx, 00000 Xxxxxxxx Xxxx, Xxxxxxxx Darul Ehsan. (Reference : MS/DIR/SL21223-2022/HLBB-HL/S, Telephone No : 00-00000000, Fax No : 00-00000000). Intending bidders may also visit the Auctioneer’s Website at xx.xxxxxxxxxxxxxxx.xxx, for more information. MESSRS ESZAM AUCTIONEER SDN BHD (Co. No. 760902-H) XXXX XXXXX BIN XXXX XXXXXX (PJK) Xx. 00, 0xx Xxxxx, Xxxxx Xxxx’ Xxx Xxxx Xxx, Licensed Auctioneer 70000 Seremban, Negeri Sembilan Darul Khusus. TELEPHONE NO : 00-0000000 / FAX NO : 00-0000000 HANDPHONE NO : 000-0000000/000-0000000 (WhatsApp) E-MAIL : xxxxxxxxxxxxxxx@xxxxx.xxx WEBSITE : xxx.xxxxxxxxxxxxxxx.xxx OUR REFERENCE : EZ/LACA/HLBB/321/2022/MNS/fatin

  • WORKING DAY BEFORE AUCTION DATE Any intending bidder who intends to bid on behalf of another person, body corporate or firm is required to deposit with the Auctioneer prior to the auction sale an authority letter to state that he/she is acting on behalf of another person, body corporate or firm and he/she is authorised to sign all the necessary documents. All intending bidders shall be required to verify their identities by showing to the Auctioneer their identity cards prior to the commencement of the auction, failing which, they shall not be entitled to bid. In the event that the Bumiputra lot is sold to a non Bumiputra or if the successful bidder is below the age of 18 or is an undischarged bankrupt or is not legally competent to purchase the property, then such sale shall be cancelled and the deposit paid shall be refunded to the successful bidder and thereafter the Assignee shall be at liberty to put up the property for sale. A foreign citizen/foreign company may be allowed to bid for the property and if the bid is successful, the sale is subject to the foreign citizen/company applying and obtaining at his/her/its own cost to the Economic Planning Unit (if applicable) and/or relevant State Authority for the unconditional consent to the sale within the period stated in Clause 11 hereof but subject to Clause 22 hereof.

  • ACCEPTANCE TESTS 11.1 If the Contract provides acceptance tests for Goods and/or the result of Services after their completion and/or delivery to the Purchaser, the acceptance shall only be considered as definitive when such tests have demonstrated the compliance of the Goods and/or the result of the Services to the requirements in the Contract.

  • ONLINE PUBLIC AUCTION PROCESS 2.1. E-Bidders may browse through the PAH Website and select the properties they wish to bid online.

  • Acceptance Period For all Services provided under this Agreement, Vendor grants to Citizens a thirty (30) calendar day acceptance period ("Acceptance Period") commencing on the date completed Services are delivered to Citizens. Citizens shall have the right to reject the Services, in whole or in part, during the Acceptance Period for Vendor’s failure to meet the specifications associated with the delivered Services, with such determination to be made in Citizens’ reasonable judgment. At the end of the Acceptance Period, if Citizens has not rejected the Services, the Services shall be deemed to be accepted by Citizens; provided, however, that Citizens’ acceptance of the Services shall not be deemed a waiver of any of Citizens’ warranty rights as expressly provided in this Agreement.

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